Pro athletes express concerns over financial realities of big contracts

Pro athletes are recently discussing the financial struggles that accompany their multimillion-dollar contracts, highlighting issues such as substantial taxes and mismanagement. Players like Chris Bosh and Terrell Owens illustrate that contracts aren't what they seem, with Owens revealing how he lost most of his earnings due to poor financial advice. Prominent figures, including JJ Redick and Jaylen Brown, emphasize the misconception that reaching the professional level ensures financial security. Their concerns reflect a growing trend among athletes to educate themselves on financial management and avoid pitfalls of extravagant spending early in their careers.

• 2:42 PMYahoo Sports — Why Pro Athletes Are Saying Their Big Contracts Weren’t So Big